Amid a presidential campaign that’s turned a critical eye on private equity, amid an environment in which private-equity firms are reporting smaller profits and finding deals tough and amid a general slowdown in corporate strategic M&A, Carlyle is putting its cash to work.

For the first six months of the year, Carlyle made 122 investments worth $2.91 billion, with 82 of the investments coming in the second quarter, it said this month.

Meanwhile, Carlyle isn’t just buying assets. In the second quarter, it also sold assets or shares in 98 transactions, bringing in $3 billion.

While reporting the second-quarter, Carlyle’s co-CEO William Conway summed up the activity: “We have made some of our best investments during uncertain times, and our recent investments reflect the choice opportunities we see today as well as our long-term investment horizon.”

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